2 comments:

This blog is really nice and informative. We do think our posting will be highly beneficial for you too. From past few days we have witnessedmajor downward rally in Indian stock market along with other major exchanges. It was there due to fear of recession in USA which is major economy.

But if we talk technically then Indian stock market is set to go up but still trend is not clear as few indicators are giving buying signals and few are still giving selling Indications.

So we suggest everyone to wait till Nifty touches 5350 before taking any long position.

This Blog is really nice and helpful. We hope our post will be useful for all visitors of this prestigious blog.

On 29th Feb 2008 budget was declared. It was expected to be in favor of middle class people . As in budget all loan of farmers were waived off, its a Positive news for farmer which can give rise to agro based industries too.

Overall budget was good for everyone.

Now with time USA is coming out of the jinx of sub prime and recession and we have already witnessed some good movement in US market too. Recent fall in Indian stock market was due to Overbought Nifty, USA recession margin pressure and panic.

Now Nifty is in consolidation phase. Once consolidation is over we will see major rally in the stock market.

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